Speculation and analysis involving penny stocks and their promotion with your host, Big T...the king of penny stock picks!

Monday, October 03, 2011

Trade review 10-3-11

I got some of these picks right today...

Hits:

USAT

Patience a virtue as this worked out for longs. A flat open printed the lod on the noise candle, then moved green and survived each test, closing north by over 3% in a textbook play.

P

Another play that worked like a charm, on the cross under the previous close. This happened after lunch, when it continued to fall for an hour. It gradually rose into the close, but kept under the likely entry short. Closed negative nearly 9% today.

Misses:

BBN

A possible fake out for longs when early weakness eventually greened and triggered. It did not hold long, falling back under the flat line for good late, closing south by less than 0.5% today. Looked promising, though.

Push:

CISG

A gap down open at the hod fell steadily all session, 7 never challenged. A no play that closed south over 11.5% today. Without a trigger, all longs could do was watch.

YMI

Another no play lacking the trigger. A gap down reached slowly for the flay line but failed by a cent, and then steadily declined, closing negative by over 8% today.

GY

A gap down tried to fill, but could only touch 4.50 and spike a bit over on one candle that closed right at the aforementioned level, providing no clear trigger. Then it rode the flat line before decaying in the afternoon. Closed south by over 10.5% today which probably fooled no longs, fortunately. A flat stance was welcome.

STSA

A gap down from the lod advanced out of the open and did not challenge 12 for shorts. Another no play. It peaked in an hour and began to decay, but the flat line held as well. A gradual rise in the afternoon followed, closing north by over 1% today.